Question 1

Economist Timothy Smeeding reported that appropriately-adjusted poverty rates were

Accepted Answer

A) lower in the U.S. than in eight of the nine European countries studied. 
B) higher in the U.S. than in eight of the nine European countries studied. 
C) roughly the same in both the U.S. and in eight of the nine European countries studied. 
D) higher in eight of the nine European countries studied than anywhere in sub-Saharan Africa. 
A) lower in the U.S. than in eight of the nine European countries studied. 
B) higher in the U.S. than in eight of the nine European countries studied. 
C) roughly the same in both the U.S. and in eight of the nine European countries studied. 
D) higher in eight of the nine European countries studied than anywhere in sub-Saharan Africa.

Question 2

As of 2014, the poverty gap in the U.S. was roughly

Accepted Answer

A) $16 billion. 
B) $96 billion. 
C) $862 billion. 
D) $8.62 trillion. 
A) $16 billion. 
B) $96 billion. 
C) $862 billion. 
D) $8.62 trillion.

Question 3

Because it costs more to live in cities than it does to live in rural areas the

Accepted Answer

A) poverty line is set too high in cities and too low in rural areas. 
B) poverty line is set too low in cities and too high in rural areas. 
C) poverty rate is overstated in cities and understated in rural areas. 
D) true poverty rate is higher than the government reports it to be. 
A) poverty line is set too high in cities and too low in rural areas. 
B) poverty line is set too low in cities and too high in rural areas. 
C) poverty rate is overstated in cities and understated in rural areas. 
D) true poverty rate is higher than the government reports it to be.

Question 4

Which of the following is true?

Accepted Answer

A) The poverty rate among the elderly is greater than the poverty rate among children. 
B) The poverty rate among men is greater than the poverty rate among women. 
C) The poverty rate among blacks is greater than the poverty rate among whites. 
D) The poverty rate among Hispanics is less than the poverty rate among whites. 
A) The poverty rate among the elderly is greater than the poverty rate among children. 
B) The poverty rate among men is greater than the poverty rate among women. 
C) The poverty rate among blacks is greater than the poverty rate among whites. 
D) The poverty rate among Hispanics is less than the poverty rate among whites.

Question 5

The poverty gap is

Accepted Answer

A) that level of income sufficient to provide a family with a minimally adequate standard of living. 
B) the percentage of people in households with income under the poverty line. 
C) the total amount of money that would have to be transferred to households in poverty to lift them out of poverty. 
D) the amount of money the poor must earn from work. 
A) that level of income sufficient to provide a family with a minimally adequate standard of living. 
B) the percentage of people in households with income under the poverty line. 
C) the total amount of money that would have to be transferred to households in poverty to lift them out of poverty. 
D) the amount of money the poor must earn from work.

Question 6

Which of the following is true about poor populations?

Accepted Answer

A) There are more poor whites than poor blacks. 
B) The poor are disproportionately black and Hispanic. 
C) The poor are more likely to be children than the elderly. 
D) All of the options are correct. 
A) There are more poor whites than poor blacks. 
B) The poor are disproportionately black and Hispanic. 
C) The poor are more likely to be children than the elderly. 
D) All of the options are correct.

Question 7

The incentives built into nearly all welfare programs

Accepted Answer

A) encourage work. 
B) encourage family planning. 
C) encourage marriage. 
D) discourage savings. 
A) encourage work. 
B) encourage family planning. 
C) encourage marriage. 
D) discourage savings.

Question 8

The poverty rate has hovered between ______ since the middle 1960s.

Accepted Answer

A) 5-10% 
B) 11-15% 
C) 16-20% 
D) 20-25% 
A) 5-10% 
B) 11-15% 
C) 16-20% 
D) 20-25%

Question 9

Which of the following is true about poor populations?

Accepted Answer

A) There are fewer poor whites than poor blacks. 
B) The poor are disproportionately white. 
C) The poor are less likely to be children than the elderly. 
D) The poor are less likely to have graduated from high school. 
A) There are fewer poor whites than poor blacks. 
B) The poor are disproportionately white. 
C) The poor are less likely to be children than the elderly. 
D) The poor are less likely to have graduated from high school.

Exam 38: Poverty and Welfare

Economist Timothy Smeeding reported that appropriately-adjusted poverty rates were

As of 2014, the poverty gap in the U.S. was roughly

Because it costs more to live in cities than it does to live in rural areas the

Which of the following is true?

The poverty gap is

Which of the following is true about poor populations?

The incentives built into nearly all welfare programs

The poverty rate has hovered between ______ since the middle 1960s.

Which of the following is true about poor populations?

Economics: the Study of Opportunity Cost

Supply and Demand

The Concept of Elasticity and Consumer and Producer Surplus

Firm Production, Cost, and Revenue

Perfect Competition, Monopoly, and Economic Versus Normal Profit

Every Macroeconomic Word You Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession, Depression

Interest Rates and Present Value

Aggregate Demand and Aggregate Supply

Fiscal Policy

Monetary Policy

Federal Spending

Federal Deficits, Surpluses, and the National Debt

The Housing Bubble

The Recession of 2007-2009: Causes and Policy Responses

Is Economic Stagnation the New Normal

Is the Fiscalsky Falling: An Examination of Unfunded Social Security, Medicare, and State and Local Pension Liabilities

International Trade: Does It Jeopardize American Jobs

International Finance and Exchange Rates

The European Debt Crisis

Economic Growth and Development

Nafta, Gatt, Wto: Are Trade Agreements Good for Us

The Line Between Legal and Illegal Goods

Natural Resources, the Environment, and Climate Change

Health Care

Government-Provided Health Insurance: Medicaid, Medicare, and the Child Health Insurance Program

The Economics of Prescription Drugs

So You Want to Be a Lawyer: Economics and the Law

The Economics of Crime

Antitrust

The Economics of Race and Discrimination

Income and Wealth Inequality

Farm Policy

Minimum Wage

Ticket Brokers and Ticket Scalping

Rent Control

Economics of K-12 Education

Economics of College and University Education

Head Start

Social Security

Personal Income Taxes

Energy Prices

If We Build It, Will They Come and Other Sports Questions

The Stock Market Crashes

Unions

Walmart: Always Low Prices and Low Wages- Always

The Economic Impact of Casino Gambling

The Economics of Terrorism

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